Grovne. As the number payments and transactions in cash continues to decrease, many banks have cut back on, or completely abolished, the possibility to withdraw or make deposits in cash. This has affected many elderly people, as well as small businesses, like kiosks, who rely more on physical money. Today, the Sedunnic government passed a new law that requires banks to always accept cash.
"We hope not only to help small businesses, but strive for redundancy for the society as a whole: we need to maintain two systems to avoid a total economic collapse, should the nationwide access to the internet be jeopardised, for example by cyber operations by a foreign power" says finance minister Lia Opalen.
A spokesperson for Vetem-Klajj, a local bank, responded with the following
drip on
Stream: "I can see why they made this decision, but four us [the banks], it will lead to increased cost, which we may have to compensate for by increasing the interests. Dealing with cash is costly, and people use it far too little."
Written by Ati Lyssmiv.
Do you approve of the new law?
Showing results (885 votes)
Yes: 62%
No: 24%
Don't care: 14%